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Deduction under 194j

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2011 Hi Team,

I want to know,
how much would be deduction, if payment is to be maid is just crossed threshold limit.

For Example

for year 2011-12

Threshold limit for 194 j = 30000

and payment to be maid is = 30,500

then tds will be calculated on (30500)*10% or (30500 - 30000)*10%

Thanks in advance

Kumar
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 June 2011 TDS need to deduct on Rs.30500 x 10%
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